NRG Yield to issue $350 million in bonds
The yieldco says that proceeds will be used to repay current borrowings, and may use the remainder to fund “acquisitions and investments”.
pv magazine USA weekly news roundup
A critical rate case in Arizona gets resolved, NRG moves to acquire SunEdison assets, SolarCity goes BIPV, downsizing at SMA and SunPower, results from SCTY, RUN & VSLR, and more…
Sunrun reports strong Q2 results
The third-party residential solar company is still struggling with high costs in its partner network, but has surpassed Vivint Solar as the second-largest residential solar installer in 2016 so far.
First Solar reports successes in Turkey and India
The thin film maker and developer reports 160 MW-DC of PV module orders in Turkey, while putting 130 MW-AC of projects online in India.
SMA to close Denver factory, lay off 280
The world’s largest inverter maker says the move is “unavoidable”, and is maintaining its sales and service operations in California.
Mitsubishi to invest in US solar firm Nexamp
The Japanese corporation reaches agreement to indirectly take a near majority ownership in the firm, which specializes in community and commercial solar installations.
SunPower to shed 1,200 jobs as it cuts revenue forecast and expects 2016 loss
Extension of the ITC has stripped urgency from U.S. market, company CEO says, prompting a rethink on solar power plant timeline. SunPower will close Philippines fab as part of re-positioning of supply.
SolarCity shows uneven results in Q2 2016
The leading distributed solar provider is bringing down costs and growing bookings after a difficult Q1, but its losses remain wide.
NRG applies to acquire 2.1 GW of SunEdison solar and wind projects
The carving up of SunEdison’s holdings has formally begun.
Rocky Mountain Institute to arrange 16 MW of community solar in New York
The sustainability non-profit is working with a local organization, and has issued an RFP for developers and financiers to build 16 MW of community solar in Rochester.
